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Revenues from Contracts (Tables)
6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Software and related services
 
$
594.7

 
$
533.1

 
$
1,171.5

 
$
1,025.7

Engineered products and related services
 
735.6

 
760.6

 
1,446.0

 
1,470.5

Net revenues
 
$
1,330.3

 
$
1,293.7

 
$
2,617.5

 
$
2,496.2


Contract Balances


Contract balances
Balance Sheet Account
June 30, 2019
 
December 31, 2018
 
Change
Unbilled receivables
$
206.6

 
$
169.4

 
$
37.2

Contract liabilities - current (1)
(758.0
)
 
(714.1
)
 
(43.9
)
Deferred revenue - non-current (2)
(36.5
)
 
(29.8
)
 
(6.7
)
Net contract assets/(liabilities)
$
(587.9
)
 
$
(574.5
)
 
$
(13.4
)
(1) Consists of “Deferred revenue,” billings in-excess of revenues (“BIE”) and customer deposits. BIE and customer deposits are reported in “Other accrued liabilities” in our Condensed Consolidated Balance Sheets.
(2) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.